Yousif Capital Management LLC Boosts Holdings in Keurig Dr Pepper, Inc $KDP

Yousif Capital Management LLC lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,351 shares of the company's stock after purchasing an additional 13,418 shares during the period. Yousif Capital Management LLC's holdings in Keurig Dr Pepper were worth $5,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter worth about $25,000. Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth about $26,000. WPG Advisers LLC purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter worth about $43,000. Continuum Advisory LLC lifted its position in shares of Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in Keurig Dr Pepper during the 1st quarter valued at about $48,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KDP shares. TD Cowen lowered their price target on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, October 1st. Piper Sandler lowered their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. The Goldman Sachs Group lowered their price target on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, October 2nd. BNP Paribas cut shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research report on Monday, September 22nd. Finally, HSBC reissued a "hold" rating and set a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $35.00.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider owned 82,511 shares in the company, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 435,601 shares of company stock valued at $14,421,512 over the last three months. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Up 1.0%

NASDAQ:KDP opened at $26.69 on Wednesday. The firm has a market cap of $36.26 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.46 and a beta of 0.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $37.27. The firm has a 50-day simple moving average of $29.12 and a two-hundred day simple moving average of $32.13.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. Keurig Dr Pepper's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. Analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper's payout ratio is presently 82.14%.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.

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